SGX Stock Signal Update

Today SGX Stock Recommendation at 09.30SST

✔ Hit First Targets

■■ BUY ST ENGRG AT CMP 3.370-3.380 TARGET 3.410,3.460 ,3.520 SL 3.300

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Google Market News Update

European elected officials are preparing to call for a breakup of Google Inc. GOOG, +0.50% GOOGL, +0.39% according to a published report Friday. A draft motion from the European Parliament indicates "unbundling of Google's search engine from other commercial services" would be a solution to the company's dominance, The Financial Times reported. 

The European Parliament has no actual power to break up companies, but the move could pressure the European Commission to take action, according to the report.

Alibaba Market News Update

Alibaba Group Holding Ltd. BABA, +3.20%  Chairman Jack Ma said he wants Alipay to go public in China. He made the comments right before the e-commerce giant announced that sales through its website on Nov. 11 beat last year’s record by nearly 60%.

The Alibaba e-shopping website Tmall saw sales total 57.1 billion yuan ($9.3 billion) on Nov. 11, compared with last year’s record of 36.2 billion yuan.

Nov. 11 is an informal holiday for singles in China — 11/11 being full of those lonely numbers — and in 2009, Alibaba co-opted the day for promotional purposes. It offers shoppers big discounts, much like Cyber Monday in other countries, and many other e-retailers have followed suit.